ORS 243.416: State Treasurer as fund custodian; administration.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
The Deferred Compensation Fund shall be held by the State Treasurer, who shall be custodian of the fund. Another person may be appointed as custodian of the fund if the State Treasurer and the Public Employees Retirement Board agree to the appointment. On request from the Director of the Public Employees Retirement System or the director’s designee, the Oregon Department of Administrative Services shall draw warrants and issue payments on the Deferred Compensation Fund for the payment of benefits, the payment of expenses incurred by the system in the administration of ORS 243.401 to 243.507, and the payment of refunds or other amounts that by reason of excessive contributions or other error are owed to state plan participants or local plan participants or the beneficiaries of those participants. [1997 c.179 §4]
Administrative rules citing this section
- OAR 459-050-0000: Purpose and Authority — implements
- OAR 459-050-0001: Definitions — implements
- OAR 459-050-0005: Policy and Goals of Deferred Compensation Program — implements
- OAR 459-050-0030: Deferred Compensation Manager — implements
- OAR 459-050-0035: Assistance to the Oregon Investment Council and the State Treasurer — implements
- OAR 459-050-0037: Trading Restrictions — implements
- OAR 459-050-0050: Eligibility and Enrollment — implements
- OAR 459-050-0060: OSGP Designation of Beneficiary — implements
- OAR 459-050-0065: Beneficiary Predeceases or Disclaims Benefit — implements
- OAR 459-050-0070: Catch-Up Programs — implements
- OAR 459-050-0072: Military Leave Catch-up — implements
- OAR 459-050-0075: Distributions During Employment — implements
- OAR 459-050-0080: Distribution of Funds After a Severance of Employment — implements
- OAR 459-050-0090: Direct Rollover and Trustee-to-Trustee Transfer — implements
- OAR 459-050-0120: Self-Directed Brokerage Option — implements
- OAR 459-050-0150: Unforeseeable Emergency Withdrawal — implements
- OAR 459-050-0200: Court Orders — implements
- OAR 459-050-0210: Segregation of a Participant Account — implements
- OAR 459-050-0220: Distribution of an Alternate Payee Account — implements
- OAR 459-050-0230: Release of Information — implements
- OAR 459-050-0240: Deferred Compensation Program Notifications — implements
- OAR 459-050-0250: Fee for Administration of a Court Order — implements
- OAR 459-050-0300: Required Minimum Distribution Requirements — implements
- OAR 459-050-0310: Power of Attorney — implements
This rule cites
- ORS 243.401 — resolved
- 243.507 — resolved
Cited by
No inbound citations found.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors243.html